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China's economy takes hit from delta virus as services contract

The government imposed stringent measures, including travel curbs, mass testing and quarantines, for about a month to bring a new wave of Covid cases under control, the most widespread outbreak since the initial flareup in 2020.
Foto: Uncredited/AP/Ritzau Scanpix

China's economy took a knock from the delta virus outbreak in August, adding to signs of a slowdown in growth in the second half of the year and fueling speculation of more central bank support.

The official purchasing managers surveys showed the services industry contracted for the first time since February 2020 as consumers cut back on spending and travel amid new virus curbs. The manufacturing purchasing managers' index fell slightly to 50.1 from 50.4 in July, partly due to supply-chain disruptions...

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